FBMKLCI
1589.16pts -13.59pts
(-0.85%) Volume 1.848b Value RM 1.580b
1) The KLCI fell below the 1600 mark closing near its day
low before the weekend after the jittery US market limped to the close ahead of
the anticipated job's report tonight. Regions were mostly lower as the NIKKEI
fell -2.15%, STI -1.31%, HSCEI -1.42%, HSI -0.45% while the ASX +0.25% bucked
the regional trend. FINANCIAL -1.19% index lost the most grounds dragged by
heavyweights CIMB -4.04%, MAYBANK -1.18%, AMBANK -2.27%, RHBCAP -1.62%. Market
breadth was negative as losers edge gainers by 452 : 324. Futures closed at
1560pts (29pts discount).
2) Heavyweights :
CIMB -4.04% RM4.75, GENTING -3.35% RM6.91, MAYBANK -1.18% RM8.37, TENAGA -1.07%
RM11.08, GENM -3.10% RM4.06, SIME -1.17% RM7.55, IHH -1.35% RM5.82, AMBANK
-2.27% RM4.30.
3) DBT: BARAKAH 19.245mil @ RM0.85 (2.34% PUC), VOIR
3.95mil @ RM0.40 (3.29% PUC), HIBISCS 1.6mil @ RM0.6375.
4) Situational:-
BINTAI +6.66% RM0.24 - Bintai Kinden Corp Bhd, via its
nearly 70.0%-owned subsidiary Bintai Kindenko Pte Ltd, has received and
accepted a letter of intent from Sunray Woodcraft Construction Pte Ltd to
undertake RM42.4m worth of sub-contract works. The company said the job was for
mechanical and electrical works to the proposed additions and alterations to
the existing compass point comprising works from basement 1 to the roof storey
at Sengkang Square in Singapore. The duration of the project is from Oct 9 to
May 8, 2016.
5) GKENT +17.79%
RM1.39 / MRCB +17.64% RM1.00 -
Government has picked the consortium of Malaysian Resources Corporation Bhd and
George Kent (M) Bhd as the project delivery partner for the light rail transit
three, which is estimated to cost RM9bil. Prasarana Malaysia Bhd said the new
LRT 3 line will link Bandar Utama to Shah Alam and Klang and is expected to be
completed by Aug 31, 2020. The group
said the RM9bil excludes the land acquisition costs. Funds for the project is
financed via the issuance of sukuk, of which the coupon rate will be decided
later.
6) Market: Renewed slide on the RM with reserves down at
USD94.7bn will continue to deter foreign investor from emerging markets and
hence the current weak bias is set to continue next week .
